Will everyone get the same amount of insurance benefits?
When filing an insurance claim, every person’s situation is unique. Each insurance claim is handled on a case-by-case basis, so there is no determined amount of insurance benefits that will be applied to everyone. Even if people lived in the same neighborhood during the 2011 Bastrop wildfires, their home and assets may have been worth more or less than their neighbor’s, so a single standard of insurance benefits would not be a fair standard of compensation.
Depending on the value of your assets and your home, you may be able to expect different amounts of insurance benefits than other people. Some of what insurance companies take into account when estimating insurance benefits include:
- Value of property
- Value of home
- Value of personal assets
- Total damage caused
When you suffer from property damage, such as that caused by the Bastrop wildfires, you have the right to apply for insurance benefits.
If your property has sustained any amount of damage because of the recent Bastrop wildfires and you are thinking about applying for insurance benefits, contact the experienced Bastrop fire insurance claims attorneys of Williams Kherker today by calling 800-639-8460.